242 State St

Auburn, NY 13021

$230,000
Last Sold Price
5
Beds
3,140 Sq. Ft.
$73 / Sq. Ft.
3,140
Sq. Ft.
$73
per Sq. Ft.
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Closed 4/27/26
Closed 4/27/26

Description

Presenting a well-maintained three-family property offering strong rental performance and versatility for both investors and owner-occupants alike. The building features two fully renovated units plus one well-kept unit, each with separate utilities, ensuring easy management and cleaner operating expenses. This home consists of two 2 bedroom and 0ne 1 bedroom apartments, unit 2 is a 2 bedroom 2 bathroom. Current annual net operating income stands at $23,064, providing an attractive turnkey investment...Presenting a well-maintained three-family property offering strong rental performance and versatility for both investors and owner-occupants alike. The building features two fully renovated units plus one well-kept unit, each with separate utilities, ensuring easy management and cleaner operating expenses. This home consists of two 2 bedroom and 0ne 1 bedroom apartments, unit 2 is a 2 bedroom 2 bathroom. Current annual net operating income stands at $23,064, providing an attractive turnkey investment opportunity with room for future upside through market rent adjustments or continued portfolio scaling. This property is being offered as part of a four-home investment portfolio, delivering the rare chance to acquire multiple income-producing assets in one transaction. Current annual net operating income for the entire portfolio stands at $79,801. A smart and stable addition to any investor’s holdings—modernized interiors, strong rental performance, and a configuration that appeals to today’s tenants make this one a standout. To view the other homes in this portfolio, please refer to MLS numbers:
S1657403
S1657402
S1657399
  1. Listed by Stephen J. Baier • Baier Real Estate LLC
    P: (315)-406-2717 C: (315)-406-2717 steve.baier75@icloud.com

Property Details for 242 State Street

On Waterfront
No
Parking Description
Two Or More Spaces
Nearest Cross Street
Grant St
LISTING UPDATED: 04/28/2026 10:29 AM

Property Details for 242 State Street

StatusClosed
MLS #S1657404
Days on Market20
Taxes$7,036 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1890
Lot Size0.21 AC / 8,993 SF
CountyCayuga County
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Location

Listing Courtesy of Baier Real Estate LLC

Sold By Peterson Properties

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Building Information for 242 State Street

Stories2Residences3Year Built1890Building Size-Lot Size0.21 AC / 8,993 SF

Payment Calculator

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$1,745 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,158

Property Taxes

$586

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 242 State Street

Summary
Location and General Information
  • Elementary School District: Auburn
  • High School District: Auburn
  • Middle Or Junior School District: Auburn
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Auburn-050100
  • Tax Annual Amount: $7,036.00
Property
Lot Information
  • Building Area Total: 3140.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.2064
  • Lot Size Area: 0.2064
  • Lot Size Square Feet: 8993.0
  • Lot Size Units: Acres
  • Parcel Number: 050100-108-083-0001-008-000-0000
  • Road Frontage: City Street
  • Lot Number: 8
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $159,300
  • Year Built: 1890
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 5
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies, Vinyl
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 3140.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Operating Expense Includes: Maintenance
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $750.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen
  • Unit Type Total Rent: $750.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 750
Unit 2
  • Unit Type Actual Rent: $1,125.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen
  • Unit Type Total Rent: $1,125.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1125
Unit 3
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 242 State Street

DateEvent & SourcePriceAppreciation
Apr 27, 2026

Sold

WNYREIS #S1657404

$230,000—
Feb 4, 2026

Pending

WNYREIS #S1657404

—
Jan 15, 2026

Listed (Active)

WNYREIS #S1657404

$259,900—
DateEvent & SourcePrice
04/27/2026

Sold

WNYREIS #S1657404

$230,000
02/04/2026

Pending

WNYREIS #S1657404

—
01/15/2026

Listed (Active)

WNYREIS #S1657404

$259,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 242 State Street

Taxable ValueLand$11,900Additions$147,400Total$159,300
Tax Record2025$3,897 ($325 / month)
Home Facts
Baths4Total Finished SqFt3,140 SqFtAbove Grade Finished SqFt3,140 SqFtStories2Lot Size8,976 SqFtStyleTriplexYear Built1890Year Renovated2000ZoningR1CountyCAYUGAAPN050100 108.83-1-8

Schools near 242 State Street

This home is within Auburn City School District.
Rating
School
Type
Grades
Distance
Owasco Elementary School
Public - K to 6
Auburn Junior High School
Public - 7 to 8
Auburn High School
Public - 9 to 12
William H Seward Elementary School
Public - K to 6
Rating
School
Distance
Owasco Elementary School
PublicK to 6

Auburn Junior High School
Public7 to 8

Auburn High School
Public9 to 12

William H Seward Elementary School
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baier Real Estate LLC

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.